Turbocharger Market - Forecast(2023 - 2028)

Report Code: AM 38811 Report Format: PDF + Excel

Turbocharger Market Overview:

According to the World Economic Forum, globally, there will be an increase of twice the number of cars on road by 2040 which will equal two million figures. This data shows the inflating demand for cars in the global scenario, which will significantly increase the need for new sustainable vehicular devices such as turbochargers. Earlier these highly efficient turbochargers were used in motorsport vehicles manufacturing, however, it has gradually paved its way into the production of the commercial vehicle. With associated features such as high-charged internal combustion (IC) engines and economical yet cleaner outputs, turbochargers have gained a prominent place in the modern automotive sector. The global turbocharger market leveraged a revenue income of $16 billion in the year 2018. Racing cars incorporated with high-performing turbochargers generate greater horsepower without increasing the overall weight of the vehicle and boosts the gas mileage which is why these devices have been installed in popular motor racing vehicles such as Audi R10 TDI, Cadillac ATS-V.R, and others. Additionally, the marine and aircraft manufacturing industries also contribute considerably to the global economic output of the turbochargers market. Significantly, the turbochargers market is estimated to leverage huge ROI in the forecasted years at 5% CAGR.

Europe is eyeing on clean energy transition and endorses the application of sustainable industrial machinery to reduce the growing environmental concerns. A major contributor to the global turbocharger market with a regional share of 41.2% as of 2018, Europe is also a leading supporter of the green car technologies with several key automobiles manufacturers set up in this region which includes Audi, Mercedes-Benz, Ferrari, and others.

Globally, the automotive sector is projected to induce huge demand for the turbocharger, which is anticipated to witness a CAGR of 5.3% during the forecast period of 2019-2025. This hike in demand will continue to grow considerably with respect to the huge investment in green car machinery, inclination towards economical automobile engines, and large preference for greater torque.

Turbocharger Market Growth Drivers:

· Shifting consumer trend towards green vehicle will leverage huge demand for the turbocharged engines in the global market which also creates scope for newer innovations. Owing to this the global turbocharger market will experience an upsurge in the overall demand-supply chain thereby boosting the market growth.

· Increasing demand for hybrid, variable geometry, and twin turbochargers and colossal investment by the automotive sector to incorporate fuel-efficient, low noise, and cleaner emission-quality in vehicles are analyzed to largely influence the turbochargers market in the future years.

Turbocharger Market Companies:

The leading market players assessed in this report includes Delphi Technologies Plc, Continental AG, Eaton Corp., ABB Ltd., Honeywell, Inc., IHI, Bosch Mahle Turbo Systems Technology, Mitsubishi, Cummins Inc, and others.

Cummins Inc. is a global leader in manufacturing several engines and power generation and other machinery to several industrial sectors have recently delivered complimentary offerings in the global turbochargers market. Some of its latest innovations include the introduction of energy-efficient commercial wastegated turbochargers and Holset Fixed Geometry turbocharger with cleaner air emission features. They have also developed a lead-free corrosion inhibitor system for application in turbochargers along with the evaluation of Selective Laser Melting technology (SLM) for improving turbocharger efficiency. These major advancements will generate huge demand for the turbochargers market and eventually increase the overall revenue generation.

Turbocharger Market Trends and Innovations:

·         New Turbo Engines Launch By Key Companies:

With advancement driving the global market, automotive companies are introducing new innovative products to lure more customer demand, also complying with ecological sustainability through less fuel exhausting and highly efficient turbo engines. Audi is all set to launch a new turbo engine for the DTM racing cars series 2019. This highly-efficient racing engine will offer more than 610 horsepower which will work smoothly and can run on alternative e-fuels maintaining sustainability. Furthermore, BMW has introduced its revolutionary turbo 4-cylinder engine which is claimed to consume extensively low fuel with even lesser emissions.

Turbocharger Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Turbocharger market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Turbocharger in the Turbocharger market and their specific applications in different areas.

Turbocharger Market: Industry Coverage:

The global turbocharger market is basically segmented into fuel type, technology, end-user, industry vertical, and application type. On the basis of fuel type bifurcation includes diesel and gasoline. Technology categorization includes twin-turbo technology, wastegate technology, and variable geometry technology. By end-user, the turbocharger market can be divided into OEM and aftermarket. Based on industry vertical, the classification includes aerospace defense, automotive, marine, agriculture construction, and others. Sub segments under application type include light commercial vehicles, heavy commercial vehicles, ship aircraft, heavy-duty vehicles, and locomotive.

The Turbocharger market also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:    

•           North America: The U.S., Canada, Mexico

•           South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

•           Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

•           APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

•           Middle East and Africa: Israel, South Africa, Saudi Arabia

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1. Turbocharger Market - Overview
        1.1 Definitions and Scope
2. Turbocharger Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Turbocharger Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Turbocharger Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Turbocharger Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Turbocharger Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Turbocharger Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Turbocharger Market - By Fuel Type (Market Size -$Million / $Billion)
        8.1 Diesel
        8.2 Gasoline
9. Turbocharger Market By Technology (Market Size -$Million / $Billion)
9.1 Twin-Turbo Technology
9.2 Wastegate Technology
9.3 Variable Geometry Technology
10. Turbocharger Market By End- User (Market Size -$Million / $Billion)
10.1 Oem
10.2 Aftermarket
11. Turbocharger Market By Industry Vertical (Market Size -$Million / $Billion)
11.1 Aerospace Defense
11.2 Automotive
11.3 Marine
11.4 Agriculture Construction
12. Turbocharger - By Application Type (Market Size -$Million / $Billion)
        12.1 Segment type Size and Market Share Analysis
        12.2 Application Revenue and Trends by type of Application
        12.3 Application Segment Analysis by Type
            12.3.1 Light Commercial Vehicle
            12.3.2 Heavy Commercial Vehicle
            12.3.3 Ship Aircraft
            12.3.4 Heavy Duty Vehicle
            12.3.5 Locomotive
13. Turbocharger- By Geography (Market Size -$Million / $Billion)
        13.1 Turbocharger Market - North America Segment Research
        13.2 North America Market Research (Million / $Billion)
            13.2.1 Segment type Size and Market Size Analysis
            13.2.2 Revenue and Trends
            13.2.3 Application Revenue and Trends by type of Application
            13.2.4 Company Revenue and Product Analysis
            13.2.5 North America Product type and Application Market Size
         Rest of North America
        13.3 Turbocharger- South America Segment Research
        13.4 South America Market Research (Market Size -$Million / $Billion)
            13.4.1 Segment type Size and Market Size Analysis
            13.4.2 Revenue and Trends
            13.4.3 Application Revenue and Trends by type of Application
            13.4.4 Company Revenue and Product Analysis
            13.4.5 South America Product type and Application Market Size
         Costa Rica
         Rest of South America
        13.5 Turbocharger- Europe Segment Research
        13.6 Europe Market Research (Market Size -$Million / $Billion)
            13.6.1 Segment type Size and Market Size Analysis
            13.6.2 Revenue and Trends
            13.6.3 Application Revenue and Trends by type of Application
            13.6.4 Company Revenue and Product Analysis
            13.6.5 Europe Segment Product type and Application Market Size
         Rest of Europe
        13.7 Turbocharger - APAC Segment Research
        13.8 APAC Market Research (Market Size -$Million / $Billion)
            13.8.1 Segment type Size and Market Size Analysis
            13.8.2 Revenue and Trends
            13.8.3 Application Revenue and Trends by type of Application
            13.8.4 Company Revenue and Product Analysis
            13.8.5 APAC Segment - Product type and Application Market Size
         South Korea
         Hong kong
         Rest of APAC
        13.9 Turbocharger - Middle East Segment and Africa Segment Research
        13.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            13.10.1 Segment type Size and Market Size Analysis
            13.10.2 Revenue and Trend Analysis
            13.10.3 Application Revenue and Trends by type of Application
            13.10.4 Company Revenue and Product Analysis
            13.10.5 Middle East Segment Product type and Application Market Size
         Saudi Arabia
            13.10.6 Africa Segment Analysis
         South Africa
         Rest of Middle East & Africa
14. Turbocharger Market - Entropy
        14.1 New product launches
        14.2 M&A s, collaborations, JVs and partnerships
15. Turbocharger Market - Industry / Segment Competition landscape Premium
        15.1 Market Share Analysis
            15.1.1 Market Share by Country- Top companies
            15.1.2 Market Share by Region- Top 10 companies
            15.1.3 Market Share by type of Application - Top 10 companies
            15.1.4 Market Share by type of Product / Product category- Top 10 companies
            15.1.5 Market Share at global level - Top 10 companies
            15.1.6 Best Practises for companies
16. Turbocharger Market - Key Company List by Country Premium
17. Turbocharger Market Company Analysis
        17.1 Market Share, Company Revenue, Products, M&A, Developments
        17.2 Borgwarner Inc
        17.3 Bosch Mahle Turbo System Gmbh Co. Kg
        17.4 Continental Ag
        17.5 Cummins Inc
        17.6 Eaton Corporation
        17.7 Honeywell International Inc
        17.8 Ihi Corporation
        17.9 Mitsubishi Heavy Industry Ltd
        17.10 Precision Turbo Engine
        17.11 Rotomaster International
        17.12 Company 12
        17.13 Company 13 & More
*Financials would be provided on a best efforts basis for private companies
18. Turbocharger Market - Appendix
        18.1 Abbreviations
        18.2 Sources
19. Turbocharger Market - Methodology
        19.1 Research Methodology
            19.1.1 Company Expert Interviews
            19.1.2 Industry Databases
            19.1.3 Associations
            19.1.4 Company News
            19.1.5 Company Annual Reports
            19.1.6 Application Trends
            19.1.7 New Products and Product database
            19.1.8 Company Transcripts
            19.1.9 R&D Trends
            19.1.10 Key Opinion Leaders Interviews
            19.1.11 Supply and Demand Trends